Liberty General Insurance
Liberty General Insurance, founded in 2012, is a privately held company in the insurance industry with a team of 1394 employees headquartered in Mumbai, Maharashtra. The company offers a wide range of insurance products including motor, health, fire, marine, and engineering insurance, with a strong network of partner hospitals and auto service centers across India.
Company Overview
Liberty General Insurance operates in the insurance industry and was founded in 2012. The company is classified as a privately held entity and has grown to become a very large enterprise with a team size of 1,394 employees. Its headquarters are located in Mumbai, Maharashtra, India. The company commenced operations in 2013, aiming to provide comprehensive retail, commercial, and industrial insurance solutions.
Insurance Products
Liberty General Insurance offers a diverse range of insurance products, including car, bike, health, and personal accident insurance. The company specializes in general insurance products, particularly in the areas of motor, health, fire, and marine & engineering. Notable offerings include a comprehensive car insurance policy that covers damages from third parties and theft, as well as a health insurance plan with coverage options up to ₹1 Crore.
Network and Partnerships
Liberty General Insurance has established a robust network that includes approximately 5,000 hospitals and over 3,100 auto service centers. The company also boasts a network of over 4,300 partner garages, facilitating efficient service delivery for its policyholders. This extensive network supports the company's commitment to providing cashless facilities at network hospitals for health insurance policyholders.
Claim Settlement and Customer Benefits
The company maintains a claim settlement ratio of over 91% for two-wheeler insurance, reflecting its commitment to customer satisfaction. Liberty General Insurance offers various customer benefits, such as a loyalty perk that increases the sum insured by 10% for every claim-free year in health insurance policies. Additionally, the company provides add-on covers for car insurance, including depreciation cover and roadside assistance for two-wheeler insurance.
Commercial Insurance Solutions
Liberty General Insurance provides a range of commercial insurance solutions tailored to meet the needs of businesses. These include employee benefit insurance, engineering insurance, marine insurance, and liability insurance. The company aims to support businesses with comprehensive coverage options that address various risks and operational challenges.